House bill aims to create lending institution for infrastructure projects
Feb. 7, 2023
The bank would help finance work such as transportation projects, ports, electric grid security and broadband connectivity, according to the release. The bill also allows for broad discretion by the bank to invest in any infrastructure projects that it identifies as “providing a public benefit with regards to infrastructure.”
Additionally, no less than 10% of the dollar amount of loans, equity investments, and loan guarantees would be used for infrastructure projects in rural areas.